ValueAct Capital founder and CEO Jeff Ubben is increasingly betting on electricity, including adding a private investment in hydrogen-fueled truck company Nikola Motor.
ValueAct Capital founder and CEO Jeff Ubben is betting on electricity with his private investment in hydrogen-fueled truck company Nikola Motor.
div > div.group > p:first-child"> "The electricity grid is the crown jewel in the clean economy," Ubben said on Tuesday in an interview with CNBC's David Faber at 13D Monitor's Active-Passive Investor Summit in New York. The companies that can best address environmental and social goals are"where the breakout returns are over the next 20 years," Ubben added.
Ubben told Faber ValueAct had built a stake in Nikola without disclosing the amount of investment. Bloomberg first reported the investment Monday.
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